| I'm sure you've been stressed out by now | | | | because after all, learning about credit cards and |
| reading all over the internet on how to teach your | | | | financially responsibility isn't that bad at all! |
| student to use a credit card. The fact is that | | | | When your child receives their first credit card in |
| you're having a hard time because you started | | | | the mail, it's important that you teach them all |
| too late and your teen is now technically an adult. | | | | about fraud issues and how a credit card should |
| If you could go back in time, you would be the | | | | be properly stored. Make sure that they have |
| one that would tell the new parent to teach their | | | | their name signed on the back and they also have |
| child about money and credit cards earlier. | | | | the credit card's toll free number handy just in |
| If your child is arguing about a credit card and | | | | case the card gets stolen. Remember to tell them |
| you're steering them away from it, you're going | | | | that they should never lend out their card or give |
| to have a hard time. In fact, 80% of today's | | | | the number to anyone suspicious. |
| college students carry a credit card. This number | | | | Most students make the mistake of treating |
| generally goes up year after year. What makes a | | | | credit cards like a piece of plastic. They will buy, |
| student get a credit card? It's about being an | | | | buy, and buy and not realize how much debt they |
| adult and having that "back-up" plan if all else fails. | | | | are actually raking up. If you can influence your |
| If your child still listens to you about money and | | | | child to get a particular credit card, you should |
| everything else under the sun, it's important that | | | | recommend to them to get a debit card. This |
| you start talking to them about the wonders of a | | | | way they can actually see how much money |
| credit card. While a credit card isn't necessarily | | | | they are spending month to month. |
| bad for a kid, it can be if he/she doesn't know | | | | In the end, a credit card isn't evil for a student. |
| how to use it. This is where you, the parent will | | | | Credit card policies are a lot stricter today than |
| step in and teach them the correct responsibility. | | | | they were fifteen years ago. They generally give |
| "Well, I'm bad with credit cards and I feel that if I | | | | out low credit limits and offer nice incentives for |
| teach my child my habits, they will turn out just | | | | students to pay their bills off in time. Just |
| as bad" If you're asking yourself this question or | | | | remember even if your child doesn't listen, it |
| you're using it as an excuse not to teach your | | | | doesn't hurt to tell them some advice, it may |
| child, then you should really seek financial advice | | | | stick in their head down the long road and they |
| or sit down and do a lot of reading and research | | | | will thank you in the end. |